NBP data: At the end of October 2013, Poland’s official reserve assets managed by NBP stood at approximately EUR 77.1 billion, the equivalent of nearly USD 105.5 billion.

According to NBP’s monthly release on official reserve assets, published on 7 November 2013, at the end of October the assets amounted to over EUR 77.1 billion, as compared to EUR 79.1 billion at the end of September 2013. In USD terms, the value of foreign exchange reserve holdings was almost 105.5 billion, while a month earlier their value amounted to approximately USD 106.9 billion.

Narodowy Bank Polski is responsible for managing foreign exchange reserve assets, striving to maximize the return on the assets, yet priority is given to ensuring their safety and achieving the necessary liquidity level. NBP invests the funds in typical instruments used by central banks. The bulk of the reserves are invested in Treasury securities and certain amounts are held at securities issued by international institutions and government agencies. A fraction of the reserves are maintained in the form of term deposits at banks with high credit rating and in gold.

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